One-Page Deal Sheet
Infinity Natural and Northern Oil & Gas Acquire Antero's Ohio Utica for $1.2B
Infinity Natural Resources, Northern Oil and Gas, Inc. Antero Resources
Announced Date
December 08,2025
Close Date
February 23,2026
Transaction Type
Asset
Location
Calculated Metrics( EV/Category)
Region
Northeast - Appalachia
Country
United States
State
Ohio
County
Guernsey ,Belmont ,Harrison
Play
Production Production
Calculated Metrics( EV/Category)
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Infinity Natural Resources Inc. (NYSE: INR) announced a $1.2 billion joint acquisition of Antero Resources Corporation and Antero Midstream Corporation's Ohio Utica Shale upstream and midstream assets in partnership with Northern Oil and Gas, Inc. (NYSE: NOG).
At closing on February 23, 2026, INR's interest was increased from the originally announced 51% to 60% following INR's $350 million strategic equity investment from Quantum Capital Group and Carnelian Energy Capital Management, with NOG's interest correspondingly reduced from 49% to 40%. The acquired assets encompass approximately…
Northeast - Appalachia Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-02-2026 |
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Click here | Texas | E&P |
| Jan-08-2026 |
- |
- |
Click here | West Virginia | E&P |
| Dec-08-2025 |
- |
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Click here | West Virginia | E&P |
| May-30-2025 |
- |
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Click here | Ohio | E&P |
| Apr-22-2025 |
- |
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Click here | Pennsylvania | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| May-30-2025 | EOG Acquires Utica Liquids Focus Encino For $5.6 Billion | - |
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| Dec-05-2024 | CNX Acquires Apex’s Appalachian Gas & Midstream Assets for $505MM | - |
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| Jan-11-2024 | Chesapeake To Acquire Southwestern Energy | - |
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